Indian Billionaires

Azim Premji Rank: 38 Net worth: $9.3 billion His more than 80% shareholding in software major Wipro makes Premji a sureshot entry in each and every list of Indian billionaires. Although he has moved up 20 spots from his last year's rank, Lakshmi Mittal's strong showing means that for the first time in several years, Premji not the richest Indian. Mukesh & Anil Ambani Rank: 60 Net worth: $7 billion The Ambani brothers are...

India billionaire population dropped slightly in 2014, but it still ranks at No. 6 in the globall tally, according to a report by Wealth-X and UBS. Mumbai, which was home to as many as 28 of the country's total 100, was ranked 11th among the world's top 20 billionaire cities. Here's a look...

LONDON: Indian billionaires pumped in nearly 1 billion pounds into buying up luxury homes in the heart of London over last 18 months alone, becoming second only to Britain-based buyers, a new report said. These Indian mega-rich are expected to spend another 500 pounds million on redevelopment in the next five years, said a report from UK luxury property agents Wetherell. According to the analysis, Indian ultra high net worth ( UNHW ) individuals are buying up superflats,...

KUALA LUMPUR: The Indian billionaire club seems to be top-heavy in terms of age of its members, with three out of every four being at least 50-year old. In the latest list of Forbes' 40 richest Indians, there are a total of 27 persons with a net worth of at least one billion dollars. This include 21 persons aged 50 or above, while only six of them are below 50 years. While Mukesh Ambani leads the overall rankings with a net worth of USD 20.8 billion, his...

With Indian equity markets scaling new highs, the number of Indians on the global billionaires list is also on the rise. Qimat Rai Gupta of Noida-based Havells India and Irfan Razack of Bangalore-based Prestige Estate were recent entrants to the list. A few more entrepreneurs could soon join them. They are those who started young, had the courage to do things differently and worked hard over the years to build a strong presence in their respective industries. BHADRESH SHAH, 61 ...

LONDON: Indian billionaires pumped in nearly 1 billion pounds into buying up luxury homes in the heart of London over last 18 months alone, becoming second only to Britain-based buyers, a new report said. These Indian mega-rich are expected to spend another 500 pounds million on redevelopment in the next five years, said a report from UK luxury property agents Wetherell. According to the analysis, Indian ultra high net worth ( UNHW )...

All of 26, Bill Gates and investor Wipro chief Azim Premji. While the former has promised to donate 10 percent of his wealth to charity, the latter will transfer company shares worth 8,846 cr to his endowment trust, with a view to fund their philanthropic activities. The noble gesture by these two infotech stalwarts still falls short of measuring up to the giving nature of the wealthy businessmen in the West. Now all eyes are tuned towards Indian billionaires to...

NEW DELHI: A galaxy of Indian entrepreneurs ideated with the high priests of global philanthropy—Warren Buffett and Melinda & Bill Gates—as the idea of giving back to society took centre stage on Thursday in a manner and scale unprecedented in India. Billionaires such as Wipro's Azim Premji , Infosys' NR Narayana Murthy , HCL's Shiv Nadar , DLF's KP Singh and ace investor Rakesh Jhunjhunwala joined...

T V Mohandas Pai Warren Buffett and Bill Gates are coming to India this July to request our billionaires to give away a large part of their wealth in their lifetime. India now has the third largest number of billionaires. Forbes says that India has 69 billionaires worth collectively $280 billion. The fourth-richest man in the world is in India, with his wealth in India. Americans have founded a society...

By: Anand Mahadevan Ten out of the world's top 150-odd billionaires are Indians. But only one, Azim Premji, figures in the list of 105 billionaires who have pledged to give away at least 50% of their wealth for greater social good. If this is a quick and fair assessment of the state of Indian philanthropy, why are Indian businessmen and industrialists lagging behind their global peers? The question is not intended to colour all rich and successful Indian...

DUBAI: The Gulf Cooperation Council (GCC) countries have 10 Indian billionaires , according to a new survey . According to the first-ever GCC Indian Rich List published by financial weekly magazine 'Arabian Business', Landmark Group founder Micky Jagtiani - who once worked as a London cab driver - topped the list with an estimated wealth of $ 4.5 billion. The top 50 between them are worth $ 40.2 billion, with their average wealth at $ 1.57 billion. Jagtiani...

MUMBAI: With benchmark equity indices scaling new all-time highs almost every other day, the ranking of the personal wealth of Indian promoters has moved a notch higher on the Bloomberg Billionaires Index. The recent rally has vaulted three Indian promoters - Mukesh Ambani, Anil Ambani and Gautam Adani - to the top 10 list of gainers on the Bloomberg Billionaires Index since the start of calendar year. The Indian promoters have contributed to...

BANGALORE: India has one of the worst records in the trickle-down of wealth. As of last year, for every one billionaire in India there were just 26 ultra high net worth individuals (UHNIs), those whose net assets are over $30 million, excluding their primary residence. In Japan, for every billionaire there were 609 UHNIs. Among comparable emerging markets, Brazil has 129 millionaires for every billionaire while for South Africa the number stands at 119. Globally,...

LONDON: An Indian billionaire couple in the UK has hosted a birthday bash for Prince Charles' 65th birthday at the Buckingham Palace , splurging out thousands of pounds on the mega event. London-based Cyrus and Priya Vandrevala , entrepreneur and philanthropists, organised a concert by the Philharmonia Orchestra as part of the gala champagne reception and dinner yesterday at Queen Elizabeth II's official residence in honour of the heir to the British...

Russian-speaking buyers spent more than Â£15 million at an auction as a record number of bidders from emerging economies bought Old Masters. A Russian buyer, represented on the telephone, fought off an Asian underbidder to pay a top price of Â£9.2 million at Sotheby's London on July 3 for a canvas of St. Dominic by the Spanish artist El Greco. The price, almost double the high estimate, set an auction record for the 16th-century painter. The same buyer spent another Â£3.4...

By: Anand Mahadevan Ten out of the world's top 150-odd billionaires are Indians. But only one, Azim Premji, figures in the list of 105 billionaires who have pledged to give away at least 50% of their wealth for greater social good. If this is a quick and fair assessment of the state of Indian philanthropy, why are Indian businessmen and industrialists lagging behind their global peers? The question is not intended to colour all rich and successful Indian...

Apropos of the Face-off 'Right to strike be made a basic right?' (ET, Dec 10), only some in the political class may support that for their vote banks. The majority would not. Government employees are few in number, enjoy official privileges but do not bother about duties and responsibilities. Grievance redressal is also enabled by labour laws, negotiation channels, or collective bargaining. Strikes wreak havoc, paralyse lives and occasion official losses. It would be far better if dissatisfied employees proceed...

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DUBAI: The Gulf Cooperation Council (GCC) countries have 10 Indian billionaires , according to a new survey . According to the first-ever GCC Indian Rich List published by financial weekly magazine 'Arabian Business', Landmark Group founder Micky Jagtiani - who once worked as a London cab driver - topped the list with an estimated wealth of $ 4.5 billion. The top 50 between them are worth $ 40.2 billion, with their average wealth at $ 1.57 billion. Jagtiani...

The government may have saved its political skin by putting FDI in retail on hold, but it has added to the sense of gloom that's engulfing India Inc. For the past several weeks, there's been a depressing drum beat of stories of Indian businessmen choosing the relatively low growth, high-stability option of investing abroad over the uncertainty of launching new ventures at home. Says the India head of a fabled global investment bank, "For me, there's no...